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BUSINESS BRIEFS: NTY 2011 promoted in Singapore

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KATHMANDU, Oct 24: Nepal Tourism Board (NTB) along with four private companies promoted Nepal Tourism Year (NTY) 2011 campaign among international travel trade and media representatives during the three-day ITB Asia trade fair that concluded on October 22.



Issuing a press release, NTB said the event featured hundreds of exhibiting companies from the Asia-Pacific region, Europe, North and South America, Africa and the Middle East. [break]



"ITB Asia is a business to business (B2B) meeting which provides a platform for promoting the business and exploring the new avenue," the statement said, adding, "Exhibitors from different sectors like airlines and airports, hotels and resorts, theme parks and attractions, inbound tour operators and others attended the event."



The program was attended by 580 buyers. Dharma Adventures, Kapan Homestay, Kathmandu Travel and Tours, and Mountain Adventure Trekking have participated in the event, according to NTB.


NRB´s ´clean note´ drive



Nepal Rastra Bank (NRB) has instructed all financial institutions to collect all deformed notes, including those bearing the images of former kings of Nepal and deposit them to the central bank by the end of March 14.



Issuing a circular on Thursday, the central bank also urged the financial institutions to bundle those notes separately before depositing them at NRB. As per the Clean Note Policy, the central monetary authority had earlier directed the financial institutions not to put more than one stitch while making bundles with 100 notes each.



According to an NRB source, around Rs 60 billion of the Rs 151 billion bank notes that are currently in circulation bear images of former kings.




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